IGL trade ideas
[Buddha] IGL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Next move I am looking one more small daily correction in the scrip , before it starts making an up side move ,
One can look for buy set up , as the drop on inter day is not intense in price and volume ,
Book the profit at or near the forecast Target
Good luck
IGL #IGL @ 456 | 15-May-2020
#IndraprasthGas
- Short can be attempted at rise around 480-500 depending upon candle formation
- SL 505-507
Future Short Sell Trade - IGLReversal Pattern.
Short Sell Opportunity for IGL in Futures.You can take the position below 449 and trail the profits. I have also mentioned the potential stop loss point (~456), you can adjust it as per your risk factor since volumes these days are unprecedented.
DISCLAIMER - There is a very high degree of risk involved in trading Futures. Do not trade with money that you cannot afford to lose. I assume no responsibility or liability for your trading results.
IGL opportunity RSI Bullish divergence + considerable supportCMP 449
Tight SL : 445
Target : 470
RSI 30 min's recovered from oversold and looks bullish divergence - Bullish signal
PCR @ 37% - Bullishness
Good risk reward
IGL on crucial tresholdIGL if falls from 444 shall see new levels of 421.
If bounces back, can reach 490 shortly. Keep watching.
IGL - Bearish Breakout in IGLNote: This is for educational purpose only.
Price has broken down from the channel with high selling volume. RSI has lost momentum as RSI value is below 50. This is good shorting candidate.
Indraprastha Gas Ltd. - BOUNCE-BACK??Indraprastha Gas Ltd.
The stock prices are making Higher Highs And Higher Lows from the past 3 months and taking support from the trendline and the support zone.
RSI is weak and represents a downtrend.
However, I am expecting to see a bounce-back until 440-450 zone is protected on the downside. The resistance on the upper side is 505 on the daily chart.
Otherwise, if the prices break the support zone with volume, the next support is 405.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
IGL 1D IGL 1D pattern and fib retracement analysis. as results announced recently are not good as estimated, but as per price action was in a flag pattern in 1 day, as per fib retracement levels was around 440 levels of 0.618 and resistance at 480 level of 0.786. if the price goes below 440 short and target up to 410. or maintain buy-in between 440 to 450 target up to 480.
IGL in perfect buy zoneIn the 1-hour chart, MACD has generated a positive crossover in IGL, easily achievable targets are 586 and 595. Take long position guys it will definitely reach our targets. And keep a strict stop loss at 568.
IGL CASH :LOOKS GOOD SUSTAIN ABOVE 486.10IGL CASH
15.06.2020
BUY IGL CASH ONLY WHEN SUSTAIN ABOVE 486.10
(BEST IF ABLE TO CLOSE ABOVE 486)
TARGET 497/508/520
STOPLOSS 472
CMP 472.80
Indraprastha Gas Ltd. - CONSOLIDATING IN WEEKLYIndraprastha Gas Ltd.
The stock consolidating in a narrow range and fresh momentum to take place either side of the range.
Volume parameters look positive however RSI/MSI suggest neutral trend as of now.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
Buy IGL for 10% upside - Channel reversal tradeIGL has been moving in a channel and has taken support at the lower end of the channel. Buy at 477 levels for 10% upside, target 525. SL at 455, which is its 50 DMA.
IGL Pullback TradeIGL showing a clear pullback move on daily timeframe candle.
Preceding impulsive red candles with a large range followed by a small ranged green candle, hence trade the breakout of the pullback green candle in either direction.
Long above 472.10
Short below 460.95
Target 1% in either direction.
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
[Buddha] IGL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
IGL - NR4 FORMATION!!IGL
The stock has taken resistance from the trendline and has closed in an NR4 formation.
RSI is neutral.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
As per NR4 strategy, if the prices gives a breakout above today's high 472, the price will swifty move up. Next strong resistance is at 495.
And if the prices breakdown below today's low of 461 and breaks the trendline support with volume, the next strong support is 405.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
